EQUITY (Tables)

9 Months Ended

Sep. 30, 2015

EQUITY

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Nine Months Ended September 30, 2015
Shares, beginning of year	1,906,671,492	(530,744,521)	1,375,926,971
Shares issued	-	355,767	355,767
Shares repurchased	-	(129,488,123)	(129,488,123)
Shares, end of period	1,906,671,492	(659,876,877)	1,246,794,615

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment
(in millions)										Total
Balance, December 31, 2014, net of tax	$	1,043	$	12,327	$	(1,784)	$	(969)	$	10,617
Change in unrealized depreciation of investments		(315)		(6,372)		-		-		(6,687)
Change in deferred acquisition costs adjustment and other		-		763		-		-		763
Change in future policy benefits		92		807		-		-		899
Change in foreign currency translation adjustments		-		-		(901)		-		(901)
Net actuarial gain		-		-		-		417		417
Prior service cost		-		-		-		(210)		(210)
Change in deferred tax asset (liability)		54		1,493		167		(59)		1,655
Total other comprehensive income (loss)		(169)		(3,309)		(734)		148		(4,064)
Noncontrolling interests		-		-		(4)		-		(4)
Balance, September 30, 2015, net of tax	$	874	$	9,018	$	(2,514)	$	(821)	$	6,557
Balance, December 31, 2013, net of tax	$	936	$	6,789	$	(952)	$	(413)	$	6,360
Change in unrealized appreciation of investments		268		6,330		-		-		6,598
Change in deferred acquisition costs adjustment and other		61		(433)		-		-		(372)
Change in future policy benefits		(114)		(781)		-		-		(895)
Change in foreign currency translation adjustments		-		-		(149)		-		(149)
Net actuarial gain		-		-		-		40		40
Prior service cost		-		-		-		(36)		(36)
Change in deferred tax asset (liability)		(41)		(144)		(40)		9		(216)
Total other comprehensive income (loss)		174		4,972		(189)		13		4,970
Noncontrolling interests		-		(1)		-		-		(1)
Balance, September 30, 2014, net of tax	$	1,110	$	11,762	$	(1,141)	$	(400)	$	11,331

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation (Depreciation) of Fixed Maturity Investments on Which Other-Than- Temporary Credit Impairments Were Taken
				Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment
(in millions)										Total
Three Months Ended September 30, 2015
Unrealized change arising during period	$	(98)	$	(1,275)	$	(217)	$	303	$	(1,287)
Less: Reclassification adjustments
included in net income		13		(17)		-		164		160
Total other comprehensive income (loss),
before income tax expense (benefit)		(111)		(1,258)		(217)		139		(1,447)
Less: Income tax expense (benefit)		(50)		(401)		21		47		(383)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(61)	$	(857)	$	(238)	$	92	$	(1,064)
Three Months Ended September 30, 2014
Unrealized change arising during period	$	132	$	(575)	$	(120)	$	(8)	$	(571)
Less: Reclassification adjustments
included in net income		9		12		-		1		22
Total other comprehensive income (loss),
before income tax expense (benefit)		123		(587)		(120)		(9)		(593)
Less: Income tax expense (benefit)		64		(419)		(42)		(15)		(412)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	59	$	(168)	$	(78)	$	6	$	(181)
Nine Months Ended September 30, 2015
Unrealized change arising during period	$	(155)	$	(4,243)	$	(901)	$	324	$	(4,975)
Less: Reclassification adjustments
included in net income		68		559		-		117		744
Total other comprehensive income (loss),
before income tax expense (benefit)		(223)		(4,802)		(901)		207		(5,719)
Less: Income tax expense (benefit)		(54)		(1,493)		(167)		59		(1,655)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(169)	$	(3,309)	$	(734)	$	148	$	(4,064)
Nine Months Ended September 30, 2014
Unrealized change arising during period	$	242	$	5,522	$	(149)	$	3	$	5,618
Less: Reclassification adjustments
included in net income		27		406		-		(1)		432
Total other comprehensive income (loss),
before income tax expense (benefit)		215		5,116		(149)		4		5,186
Less: Income tax expense (benefit)		41		144		40		(9)		216
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	174	$	4,972	$	(189)	$	13	$	4,970

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Three Months Ended September 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken
Investments		$	13	$	9		Other realized capital gains
Total			13		9
Unrealized appreciation (depreciation) of all other investments
Investments			(15)		117		Other realized capital gains
Deferred acquisition costs adjustment			(2)		(40)		Amortization of deferred policy acquisition costs
Future policy benefits			-		(65)		Policyholder benefits and losses incurred
Total			(17)		12
Change in retirement plan liabilities adjustment
Prior - service cost			187		11		*
Actuarial losses			(23)		(10)		*
Total			164		1
Total reclassifications for the period		$	160	$	22
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Nine Months Ended September 30,
(in millions)		2015		2014
Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken
Investments		$	68	$	27		Other realized capital gains
Total			68		27
Unrealized appreciation (depreciation) of all other investments
Investments			609		528		Other realized capital gains
Deferred acquisition costs adjustment			(67)		(35)		Amortization of deferred policy acquisition costs
Future policy benefits			17		(87)		Policyholder benefits and losses incurred
Total			559		406
Change in retirement plan liabilities adjustment
Prior - service cost			210		35		*
Actuarial losses			(93)		(36)		*
Total			117		(1)		-
Total reclassifications for the period		$	744	$	432		-

* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 12 to the Condensed Consolidated Financial Statements.